Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1887-06-30

u,ssom ., ana oshsss asa ssFeRestAeaas
NEW YoaE, June aA.--The Stock Exr
change this morning became extreinsly
active and excited with heavier declines.
The market opened with feeling Of con
fdrnce In many OF the stocka which
suffered so severely yesterday, and large
supporting orders were given all over the
room.
afaw moments, however, there was
| very heavy selling apparent and rel,or
waa started that there had been falling
mi between JAY Gould and Russell Sage
aud Cyrus W, Field. At the same tune
Rer,lan offered some heavy blocks
| OF Manhattan stock which were taken ~
Wright Il Co., aud in q short period the
sales by Berdan amounted 10 7,uOO shares
and Wright's purchases to IL ,OV0 shereR
These sales were maia at about loo,
hut az soon as Wright n Go, a orders wore
tiIled. the price broke to 149A and At that
point Menzesheimer 4 Company had q
nsp utd.,r reached and they ohcred the
stock down 10 per cent without making q
s,ia A rally did not oecur until the
urica reached 12u, n fall OF S6l per cent
from the opening fgures.
The room wns crowded with brokers
/ and the decline brought ont selling orders
i'm all ciasses OF aecurities Western
! Union, which held firm for awhile, began
10 break about II O'Clock, and in quar-.
| ter OF au hour dropped Sper cent. The fall
in the other stocks was correspondtngiy
/ great.
The greatest excitement was in The
/ | loan crowd where many inquiries were
t made on loans on call, but the parties
! who have been prominent in loansng
/, money, refused 10 lend any amount, nd
matter how small.
A PANIC JUST nEFoRR NOON.
NRw YoRK, June 24.--The excitemen
! In the stock market reached its Creates
!. hight shortly before noon, and yeritaei
!, panic was developed. No attention Wa
It paid by brokers to fractions in sales mad
u by them and fluctuations were 50 VIII
y that sales were sometimes from 5 10 II
per cent apart.
The stocks bought near the openin
were thrown over when the break 90
d CURED, and this selling completely dc
moralized spectators. Marking down 9
loans and delivery Of orders kept Ii
p. clerks and messengers fully a. bnsy
n the brokers, and the street was scene
Of more excitement than has been seen sine
Ar the May panic Of 1885. The greatest d.
ie clines 30 far recorded are Manhattan
III 4Oial16; Missouri Pacific, IL per cent
y 93I; cotton seed, per cent to SO Riol
y mond Terminal, ~ to &c; New England
a TO 45Y, and Lake Erie & Western, bto %
m The room during the panic was file
At with rumors Of ALI kinds, aud Telegram
he from all points followed each other
IN rapid succession giving selling orders
~ injuries about the many reports whit
~ were by this time circulated all over u
in country. The increased short intere
as saved the room from mon'
X, panic by its demand for stool
$50 for delivery, and s. V. Viii
ed and some other large operators enter.
ne the market and began buying freel
al They soon gathered large followin
,rs buying toward the market almost
me- rapidly as Il had fallen and stocks to-
OF long Jumps back to their former pric'
to Manhattan recovered 20 per cent of
loss and other stocks generally recover
NY about half the decline recorded.
V y, failures were announced as the result
the break.
ow PRIoRs PARTIALLY REcoyKR-No 90
OK, oAusK ron THE PANIC.
air New YoRK, June 24-l2.30 p. H.
a this hour the market has recovered son
mp what Of its normal tone, and prices hi
the risen from TO per cent from the low
Its point, the latter Missouri Pacific VIII
fell TO 80 and is now lOl. Manhat
I ,ns Elevated which dropped TO 100 is now
the and the Western Union which fell to
) Is is T04.
ug- There does not seem TO have been I
om- good reason for tho panic, and twas sol
der due to a bear raid, assisted by ia
rumors of Gould's death and the emit
uSo rassment of a prominent gentleman.
NAL JAY oouI.p's STATEMENT.
ms NEW YoRK, June 24-12 so p. M.
.,ns reporter of the Associated Press just
into Mr.. Gould in his office, and Mr.. Go
furnished him with the following let
which he had just sent to John j Klein
The bulletin You are putting
that my Manhattan stock Is In loans
0n malicious falsehood. Not share OF
Manhattan Is In loans or has hal my Il
the on the back, nor do own q dollar ID
moro world. You should promptly contrn
TX OF Yours truly, JAY GouI
p Of Mr.. Gould said further that the 8
d by that he ar Z Crr1- W Eis''tsi ,I-err
Nm ,,., Wss untrue That he and At Field !
~ 10 Rs good friends as py"s. tle MINOR
l'the Mr.. Field il in trouUie is also paselea
ex- NEW YoRK, June 2S-10.30 a. NJ
made opening OF the stock market was VERY
1t Is citing, and all the big operators seel
. OF be at war with one another. There
; s, Ine been no time since the days of d
q S W. Little and the other old time operi
I the that individuals made such efforts
il his sonally in the stock exchange as
pro- have done at the close yesterday and
!, the opening this morning. Reading wa
saeh- scene of the greatest excitement AMI
l ,n bulls in that stock did their bef
~ anal support 1t at 4S, but the attacks
iN too rapid and they were forced to
aInst way. Manhattan was the weakest 81
,ellor II closed last night at 1870 and oper
milar per cent OF at 1873. There we're no
ere u ing orders whatever in the stock, q
per declined per cent at time on eacl
, = Ss,t shares sold, and is now of per
sane from last nights close. Pacific m
,ourts also being raided successfully by
8, but bears and Is now down to 44t. The
I was is that all the big operators are CUR
for one another.